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ENN Energy (OTCMKTS:XNGSY) Stock Passes Below 50-Day Moving Average - Should You Sell?

ENN Energy logo with Utilities background

ENN Energy Holdings Ltd. (OTCMKTS:XNGSY - Get Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $32.23 and traded as low as $31.60. ENN Energy shares last traded at $31.81, with a volume of 5,098 shares trading hands.

ENN Energy Trading Up 1.1%

The firm's 50 day simple moving average is $32.24 and its 200 day simple moving average is $30.02. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.64 and a current ratio of 0.68.

ENN Energy Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, August 8th. Stockholders of record on Friday, May 30th will be paid a $1.0154 dividend. This represents a dividend yield of 3.86%. The ex-dividend date of this dividend is Thursday, May 29th. This is a positive change from ENN Energy's previous dividend of $0.26.

About ENN Energy

(Get Free Report)

ENN Energy Holdings Limited, an investment holding company, engages in the investment, construction, operation, and management of gas pipeline infrastructure in the People's Republic of China. It operates through Retail Gas Sales Business, Integrated Energy Business, Wholesale of Gas, Construction and Installation, and Value Added Business segments.

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